{"id":49537,"date":"2025-09-25T16:01:44","date_gmt":"2025-09-25T16:01:44","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=49537"},"modified":"2025-09-25T16:01:44","modified_gmt":"2025-09-25T16:01:44","slug":"bitcoin-falls-below-111k-crypto-stocks-plunge-as-gdp-revision-dampens-rate-cut-odds","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=49537","title":{"rendered":"Bitcoin Falls Below $111K, Crypto Stocks Plunge as GDP Revision Dampens Rate Cut Odds"},"content":{"rendered":"
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Crypto prices took another leg lower on Thursday while crypto-related stocks sold off after U.S. economic growth was revised sharply higher.<\/p>\n

The U.S. government reported<\/a> that gross domestic product expanded at a 3.8% annualized rate in the second quarter, up from 3.3% in the previous estimate and well above the 3% initially reported.<\/p>\n

Alongside, initial jobless claims tumbled to 218,000 from 232,000 the previous week and well below expectations for 235,000 \u2014 putting into question the idea that the employment market is weakening.<\/p>\n

The much-stronger than anticipated data tapered expectations for the Federal Reserve cutting interest rates further next month. Traders now assign a 17% chance the Fed keeps rates unchanged, up from 8% a day earlier, according to the CME FedWatch<\/a>.<\/p>\n

The 10-year U.S. Treasury yield surged to nearly 4.20% following the reports, highest in three weeks. That helped send U.S stocks lower, with the Nasdaq sliding more than 1%. It’s since trimmed that loss to 0.5%.<\/p>\n

Already trading weak over the past few days, bitcoin (BTC) plunged below $111,000 to its lowest price since early September before reversing to $111,500, down 1.6% over the past 24 hours. Ethereum (ETH) dipped below $4,000, down 4.5% over the past 24 hours, while Solana (SOL), dogecoin (DOGE), Avalanche (AVAX), Sui (SUI) suffered even steeper declines.<\/p>\n

After strongly outperforming bitcoin for several months, ETH has given up major ground, with the ETH\/BTC ratio having returned to flat year-to-date versus up 20% four weeks ago.<\/p>\n

Solana’s (SOL) has been another recent favorite amid hype of newly formed digital asset treasury company’s and increased corporate adoption. It, though, is lower by 6% over the past 24 hours and nearly 20% over the last week.<\/p>\n

Stocks lower<\/h4>\n

Crypto-related stocks fell sharply across the board Thursday. Strategy (MSTR), the largest corporate bitcoin holder, slid 4.5%, while crypto exchange Coinbase (COIN) fell 4.1%. Miners were hit even harder: Cipher Mining (CIFR), despite an early rally on Google AI hosting deal news<\/a>, was down 9.4%, while HIVE Digital (HIVE), Bitdeer (BTDR), Bitfarms (BITF) plunged 6%-8%.<\/p>\n

Stablecoin issuer Circle (CRCL) also retreated 4.4% and Galaxy Digital (GLXY) slid 3.7%, extending the weakness across the sector.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Crypto prices took another leg lower on Thursday while crypto-related stocks sold off after U.S. economic growth was revised sharply higher. The U.S. government reported that gross domestic product expanded at a 3.8% annualized rate in the second quarter, up from 3.3% in the previous estimate and well above the 3% initially reported. Alongside, initial […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-49537","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/49537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49537"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/49537\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}